Balsa Core Materials Market Size, Industry Growth, Upcoming Trends, Top Key Players, Share and Demand 2022-2027
According to the latest report by IMARC Group, the global balsa core materials market reached a value of US$ 235.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 311.7 Million by 2027 exhibiting a CAGR of 4.50% during 2022-2027. Balsa core materials represent the honeycomb-like structures derived from balsa wood that are commonly available in varying densities and forms. They offer several advantages, such as cost-effectiveness, high shear strength, compression, stiffness, etc. As a result, balsa core materials are extensively utilized in the production of wind turbine blades, boats, structural composite panels,…